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43611 Tirano Drive Temecula, CA 92592

4 Beds 2 Baths 2,585 sqft Built 2000

$589,900

List Price

$2,540

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $228.20
  • 5 Days on Market
  • MLS # : SW21019887
  • Updated Date : 03/20/2021 at 18:34
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,585 sqft
  • Baths : 2 full
Listing Agent

Bhhs Ca Properties

Listing Agent's Description

This beautiful former model home in Paseo Del Sol has high ceilings, an open floor plan and is light bright and airy. Living room/dining room, a family room with raised hearth fireplace, the kitchen and breakfast nook are open to the family room, an office that can easily be converted to a bedroom and ¾ bath complete the lower level. Upstairs there is a master bedroom with a fireplace, and a balcony to enjoy the sunset from, a walk-in closet and of course its own full bathroom with dual sinks. The laundry room with a sink is conveniently on the upper level, along with 2 more bedrooms, a full bathroom with dual sinks and a large loft area with a desk nook. The loft could easily be converted into another bedroom, which is the case in many of these models. The pretty front yard has a nice area to drink your morning coffee and enjoy the drought resistant land scape. You will find a delightful low maintenance back yard with artificial turf, raised flower bed and a raised deck, there are no neighbors behind. The air conditioner is less than a year old. The 3 car is large enough for your two cars and a home gym. This home is walking distance to award-winning Abby Reinke elementary school. Paseo Del Sol is abundant in community amenities many within walking distance, Including a recreation center featuring pools, wading pool, basketball, and tennis courts acres of open space several parks and tot lots plus walking trails.

SEE MORE

MARKET HIGHLIGHTS

  • The area has major technology nodes of excellence: Los Angeles (Media and entertainment); Pasadena (High-tech engineering, data analytics); Riverside (Agtech, transportation/ distribution); San Diego (Healthcare, biotech, wireless communications); Irvine (Medtech, cyber security); El Segundo (Aerospace and defense IT, space transport) [BCG, 2018]
  • Los Angeles has been awarded the 2028 Olympics under a funding commitment of $88 billion to upgrade the transportation infrastructure connecting disparate pockets of the metro area. This is expected to produce additional employment in the coming years. (BCG, 2018)
  • As part of Southern California area, Inland Empire market inherits all the benefits from the area.
  • Headquarters to several Fortune 500 companies: Amgen, Farmers Insurance, Walt Disney, Avery Dennison, Activision Blizzard, CBRE Group, Edison International, Molina Healthcare, First American Financial, Pacific Life, Qualcomm and Sempra Energy (Fortune, 2018)
  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 2018)
  • Southern California produces more technology PhDs per year than any other region in the country and many of the higher educated students stay within Souther California contributing to readily available workforce skills making the area more attractive than Silicon Valley (BCG, 2018)
  • Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (USMayors.org, 2018)
  • Southern California has 58.7% labor force participation rate; within this area, Los Angeles metro has 62.3% labor force participation rate (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Paseo del Sol

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $149k620k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Paseo del Sol

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q211001200130014001500160017001800190020002100220023002400Rent in $10822496

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Abby Reinke Elementary School Primary Regular 815 33 9
Temecula Middle School Middle Regular 1,173 43 7
Temecula Valley High School High Regular 2,722 103 9

Abby Reinke Elementary School

  • Education Level: Primary
  • # of students: 815
  • # of teachers: 33
9
GreatSchools Rating

Temecula Middle School

  • Education Level: Middle
  • # of students: 1,173
  • # of teachers: 43
7
GreatSchools Rating

Temecula Valley High School

  • Education Level: High
  • # of students: 2,722
  • # of teachers: 103
9
GreatSchools Rating
 

$530,910$648,890$589,900

PURCHASE PRICE

$2,286$2,794$2,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,540
EXPENSES Loan Payment -$2,049
Property Tax -$619
Property Insurance -$90
HOA -$102
Property Management Fees -$150
CASH FLOW
-$470

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$589,900

PROJECTED PRICE

$2,540

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 6.4%
Maintenance Year (1-5) 8.00%
Vacancy 5.35%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$162,074

INVESTMENT

$162,074

Down Payment
$147,475
Rehab Estimate
$5,750
Closing Costs
$8,849

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,049

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $147,475
Loan Amount $442,425
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$5,334

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,540

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $2,721

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$2,540
1$2,5402$2,5503$2,6004$2,8005$2,900
$2,900
RENT COMPS ANALYSIS
  • 43611 Tirano Drive Temecula, CA 1
    • 4 beds 2 baths ∙ 2,585 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,585 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,540
    • $0.98
    •  
  • 32947 Novara Court Temecula, CA 2
    • 4 beds 3 baths ∙ 2,382 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,382 Sqft ∙ Built 2000
    property image
    LEASED 02/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.07
    •  
  • 32682 Campo Drive Temecula, CA 3
    • 4 beds 3 baths ∙ 2,595 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,595 Sqft ∙ Built 2003
    property image
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.00
    •  
  • 32456 Cassino Court Temecula, CA 4
    • 4 beds 3 baths ∙ 2,616 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,616 Sqft ∙ Built 1999
    property image
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.07
    •  
  • 42780 Jolle Court Temecula, CA 5
    • 4 beds 3 baths ∙ 2,709 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,709 Sqft ∙ Built 2004
    property image
    LEASED 05/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.07
    •  
PROPERTY LISTING DETAILS
Caprice Fisher
Bhhs Ca Properties
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW21019887
Last Updated: 03/20/2021
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